This in depth article about the Peregrine Financial Group (PFG) fraud in Futures magazine highlights some of enforcement actions taken against PFG over the last 15 years for being sloppy on segregated funds. Because the MF Global and PFG frauds have shaken confidence in the futures industry, the National Futures Association (NFA) has hired Berkeley Research Group and the law firm of Jenner & Block to conduct a forensic review of its auditing practices and has implemented the electronic reporting system offered by Confirmation.com. Read More
22 Feb 2013
Brian Fox, Founder and Chief Marketing Officer of Confirmation.com, appears on Fox Business to discuss the PFGBest scandal.
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About the Author: CQS
Established in the early nineties, CQS Technology Holdings is one of South Africa's leading software houses specialising in the design, development and deployment of software solutions for financial professionals. CQS provides a full range of professional services and "best of breed" solutions to nearly 4,000 customers spanning Audit, Risk Management and Corporate Performance Management. We provide a complete solution consisting of software, implementation and training, using proven best practice methodologies focused on providing an optimal return on investment.